PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1503292
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1503292
Embedded Security Market Forecasts to 2030 - Global Analysis By Offering, Security Type, End User and By Geography
According to Stratistics MRC, the Global Embedded Security Market is accounted for $8.58 billion in 2024 and is expected to reach $15.29 billion by 2030 growing at a CAGR of 10.1% during the forecast period. Embedded security refers to the measures taken to protect and secure the integrity of embedded systems, which are computing devices integrated into larger systems to perform specific functions. These systems often operate in environments where physical security measures alone are inadequate, making them vulnerable to various threats like unauthorized access, data breaches, and malicious attacks. The goal of embedded security is not only to prevent unauthorized access and protect sensitive data but also to ensure the reliable and uninterrupted operation of the embedded system.
According to Gallup's annual Health and Healthcare survey, 90% of American consumers said they are currently using a wearable fitness tracker, and the same percentage stated that they currently use a mobile health application.
Market Dynamics:
Driver:
Increasing IoT adoption
IoT devices, ranging from smart home appliances to industrial sensors, are becoming ubiquitous, driving the need for robust security measures embedded directly into these devices. Embedded security ensures that IoT devices are protected against cyber threats such as unauthorized access, data breaches, and malware attacks, which are increasingly sophisticated and pervasive. This trend has led to a growing demand for embedded security solutions that can provide encryption, authentication, access control, and secure boot mechanisms directly within the hardware and firmware of IoT devices.
Restraint:
Cost constraints
Cost constraints in the Embedded Security Market refer to the financial limitations that prevent broader adoption and implementation of security measures within embedded systems. Embedded systems are increasingly integral to various industries, from automotive to IoT devices, where security is crucial to prevent vulnerabilities and breaches. However, integrating robust security features often comes at a higher cost due to specialized hardware, software development, and ongoing maintenance expenses. Smaller companies and startups may find it prohibitive to invest in advanced security solutions, leading to potentially compromised products or delayed market entry.
Opportunity:
Rising demand for secure payment solutions
As digital transactions become more prevalent, the need for embedded security features in devices like smartphones, POS terminals, and IoT devices has intensified. These solutions ensure secure authentication, encryption, and protection of sensitive data during transactions, bolstering consumer trust and compliance with stringent regulatory requirements such as GDPR and PCI-DSS. Furthermore, the rise of interconnected devices in smart homes, automotive systems, and industrial automation has expanded the scope of embedded security applications, driving market growth.
Threat:
Compatibility issues
Compatibility issues within the Embedded Security Market present significant challenges that impede its growth and efficiency. These issues arise primarily due to the diverse range of devices, platforms, and protocols used across the embedded systems landscape. Manufacturers often develop proprietary solutions or adopt different standards for security protocols, making interoperability a major concern. For instance, a security module designed for one type of microcontroller may not seamlessly integrate with another due to variations in hardware interfaces or firmware requirements.
Covid-19 Impact:
The Covid-19 pandemic significantly influenced the embedded security market. The rapid shift to remote work and increased digital interactions heightened concerns about cybersecurity across industries reliant on embedded systems, such as healthcare, finance, and telecommunications. This led to a surge in demand for secure embedded solutions to protect sensitive data and ensure operational continuity amid unprecedented global challenges. Supply chain disruptions caused by the pandemic highlighted vulnerabilities in the sourcing of critical components for embedded systems, prompting reassessments of supply chain resilience and security protocols.
The Hardware segment is expected to be the largest during the forecast period
Hardware segment is expected to be the largest during the forecast period. Embedded security, crucial for safeguarding against cyber threats in connected environments, relies heavily on hardware solutions such as secure microcontrollers, cryptographic accelerators, and hardware security modules (HSMs). These components provide robust encryption, authentication, and tamper resistance capabilities, ensuring data integrity and confidentiality across various applications including IoT devices, automotive systems, and industrial control systems.
The Content Protection segment is expected to have the highest CAGR during the forecast period
Content Protection segment is expected to have the highest CAGR during the forecast period. Content protection is crucial for safeguarding intellectual property and sensitive data embedded within devices such as smartphones, smart TVs, and IoT devices. This segment of the market focuses on implementing robust security measures at the hardware and firmware levels to prevent unauthorized access, piracy, and tampering with digital content. Key technologies driving this growth include secure elements, hardware security modules (HSMs), trusted platform modules (TPMs), and encryption mechanisms designed to secure data both at rest and in transit.
Region with largest share:
North America region commanded the largest share of the market over the extrapolated period. As businesses increasingly integrate digital technologies into their operations, the need to safeguard sensitive data and systems from malicious actors becomes paramount. Embedded security solutions, encompassing hardware-based security features like secure elements and trusted platform modules (TPMs), are gaining traction for their ability to fortify devices against cyber threats such as data breaches and malware attacks across the region. This growing awareness underscores a shift towards proactive cybersecurity measures, positioning the region as a key growth area for vendors and stakeholders in the embedded security sector.
Region with highest CAGR:
Europe region is poised to hold profitable growth during the projection period. Government regulations encompass a spectrum of standards and directives aimed at ensuring data protection, cybersecurity resilience, and compliance across industries deploying embedded systems across the region. Mandates such as the General Data Protection Regulation (GDPR) have compelled organizations to integrate robust security measures into their embedded technologies to safeguard sensitive information and uphold consumer privacy rights. Moreover, initiatives promoting cybersecurity awareness and funding for research and development in secure embedded systems further stimulate regional growth.
Key players in the market
Some of the key players in Embedded Security market include NXP Semiconductors, Renesas Electronics, Samsung Electronics, Infineon Technologies, Intel Corporation, STMicroelectronics, Broadcom Inc, Silicon Labs, Cisco Systems and Mocana Corporation.
Key Developments:
In July 2023, Thales signed an agreement with Thoma Bravo, a prominent software investment firm, for the complete acquisition of Imperva, a leading data and application cybersecurity company based in the US.
In May 2023, STMicroelectronics introduced the STM32Trust TEE Secure Manager, a pioneering microcontroller system-on-chip security solution that streamlines the development of embedded applications, ensuring effortless out-of-the-box protection.
In April 2023, Texas Instruments launched a new SimpleLink family of Wi-Fi 6 companion integrated circuits (ICs), designed to facilitate the implementation of reliable, secure, and efficient Wi-Fi connections at a budget-friendly price.
In March 2023, Microchip Technology Inc. introduced six new products in its CryptoAuthentication and CryptoAutomotive IC families, significantly expanding its secure authentication device portfolio.
In August 2022, Infineon Technologies AG announced the launch of its groundbreaking SECORA Pay software. This cutting-edge solution sets the stage for the future of payments, catering to the latest trends in the industry.
Offerings Covered:
- Hardware
- Services
- Software
Security Types Covered:
- Authentication and Access Management
- Content Protection
End Users Covered:
- Aerospace & Defence
- Automotive
- Consumer Electronics
- Healthcare
- Industrial
- Telecommunications
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Embedded Security Market, By Offering
- 5.1 Introduction
- 5.2 Hardware
- 5.2.1 Embedded SIM
- 5.2.2 Hardware Security Modules
- 5.2.3 Hardware Token
- 5.2.4 Secure Element
- 5.2.5 Trusted Platform Modules
- 5.3 Services
- 5.4 Software
6 Global Embedded Security Market, By Security Type
- 6.1 Introduction
- 6.2 Authentication and Access Management
- 6.3 Content Protection
7 Global Embedded Security Market, By End User
- 7.1 Introduction
- 7.2 Aerospace & Defence
- 7.3 Automotive
- 7.4 Consumer Electronics
- 7.5 Healthcare
- 7.6 Industrial
- 7.7 Telecommunications
- 7.8 Other End Users
8 Global Embedded Security Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 NXP Semiconductors
- 10.2 Renesas Electronics
- 10.3 Samsung Electronics
- 10.4 Infineon Technologies
- 10.5 Intel Corporation
- 10.6 STMicroelectronics
- 10.7 Broadcom Inc
- 10.8 Silicon Labs
- 10.9 Cisco Systems
- 10.10 Mocana Corporation
List of Tables
- Table 1 Global Embedded Security Market Outlook, By Region (2022-2030) ($MN)
- Table 2 Global Embedded Security Market Outlook, By Offering (2022-2030) ($MN)
- Table 3 Global Embedded Security Market Outlook, By Hardware (2022-2030) ($MN)
- Table 4 Global Embedded Security Market Outlook, By Embedded SIM (2022-2030) ($MN)
- Table 5 Global Embedded Security Market Outlook, By Hardware Security Modules (2022-2030) ($MN)
- Table 6 Global Embedded Security Market Outlook, By Hardware Token (2022-2030) ($MN)
- Table 7 Global Embedded Security Market Outlook, By Secure Element (2022-2030) ($MN)
- Table 8 Global Embedded Security Market Outlook, By Trusted Platform Modules (2022-2030) ($MN)
- Table 9 Global Embedded Security Market Outlook, By Services (2022-2030) ($MN)
- Table 10 Global Embedded Security Market Outlook, By Software (2022-2030) ($MN)
- Table 11 Global Embedded Security Market Outlook, By Security Type (2022-2030) ($MN)
- Table 12 Global Embedded Security Market Outlook, By Authentication and Access Management (2022-2030) ($MN)
- Table 13 Global Embedded Security Market Outlook, By Content Protection (2022-2030) ($MN)
- Table 14 Global Embedded Security Market Outlook, By End User (2022-2030) ($MN)
- Table 15 Global Embedded Security Market Outlook, By Aerospace & Defence (2022-2030) ($MN)
- Table 16 Global Embedded Security Market Outlook, By Automotive (2022-2030) ($MN)
- Table 17 Global Embedded Security Market Outlook, By Consumer Electronics (2022-2030) ($MN)
- Table 18 Global Embedded Security Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 19 Global Embedded Security Market Outlook, By Industrial (2022-2030) ($MN)
- Table 20 Global Embedded Security Market Outlook, By Telecommunications (2022-2030) ($MN)
- Table 21 Global Embedded Security Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 22 North America Embedded Security Market Outlook, By Country (2022-2030) ($MN)
- Table 23 North America Embedded Security Market Outlook, By Offering (2022-2030) ($MN)
- Table 24 North America Embedded Security Market Outlook, By Hardware (2022-2030) ($MN)
- Table 25 North America Embedded Security Market Outlook, By Embedded SIM (2022-2030) ($MN)
- Table 26 North America Embedded Security Market Outlook, By Hardware Security Modules (2022-2030) ($MN)
- Table 27 North America Embedded Security Market Outlook, By Hardware Token (2022-2030) ($MN)
- Table 28 North America Embedded Security Market Outlook, By Secure Element (2022-2030) ($MN)
- Table 29 North America Embedded Security Market Outlook, By Trusted Platform Modules (2022-2030) ($MN)
- Table 30 North America Embedded Security Market Outlook, By Services (2022-2030) ($MN)
- Table 31 North America Embedded Security Market Outlook, By Software (2022-2030) ($MN)
- Table 32 North America Embedded Security Market Outlook, By Security Type (2022-2030) ($MN)
- Table 33 North America Embedded Security Market Outlook, By Authentication and Access Management (2022-2030) ($MN)
- Table 34 North America Embedded Security Market Outlook, By Content Protection (2022-2030) ($MN)
- Table 35 North America Embedded Security Market Outlook, By End User (2022-2030) ($MN)
- Table 36 North America Embedded Security Market Outlook, By Aerospace & Defence (2022-2030) ($MN)
- Table 37 North America Embedded Security Market Outlook, By Automotive (2022-2030) ($MN)
- Table 38 North America Embedded Security Market Outlook, By Consumer Electronics (2022-2030) ($MN)
- Table 39 North America Embedded Security Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 40 North America Embedded Security Market Outlook, By Industrial (2022-2030) ($MN)
- Table 41 North America Embedded Security Market Outlook, By Telecommunications (2022-2030) ($MN)
- Table 42 North America Embedded Security Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 43 Europe Embedded Security Market Outlook, By Country (2022-2030) ($MN)
- Table 44 Europe Embedded Security Market Outlook, By Offering (2022-2030) ($MN)
- Table 45 Europe Embedded Security Market Outlook, By Hardware (2022-2030) ($MN)
- Table 46 Europe Embedded Security Market Outlook, By Embedded SIM (2022-2030) ($MN)
- Table 47 Europe Embedded Security Market Outlook, By Hardware Security Modules (2022-2030) ($MN)
- Table 48 Europe Embedded Security Market Outlook, By Hardware Token (2022-2030) ($MN)
- Table 49 Europe Embedded Security Market Outlook, By Secure Element (2022-2030) ($MN)
- Table 50 Europe Embedded Security Market Outlook, By Trusted Platform Modules (2022-2030) ($MN)
- Table 51 Europe Embedded Security Market Outlook, By Services (2022-2030) ($MN)
- Table 52 Europe Embedded Security Market Outlook, By Software (2022-2030) ($MN)
- Table 53 Europe Embedded Security Market Outlook, By Security Type (2022-2030) ($MN)
- Table 54 Europe Embedded Security Market Outlook, By Authentication and Access Management (2022-2030) ($MN)
- Table 55 Europe Embedded Security Market Outlook, By Content Protection (2022-2030) ($MN)
- Table 56 Europe Embedded Security Market Outlook, By End User (2022-2030) ($MN)
- Table 57 Europe Embedded Security Market Outlook, By Aerospace & Defence (2022-2030) ($MN)
- Table 58 Europe Embedded Security Market Outlook, By Automotive (2022-2030) ($MN)
- Table 59 Europe Embedded Security Market Outlook, By Consumer Electronics (2022-2030) ($MN)
- Table 60 Europe Embedded Security Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 61 Europe Embedded Security Market Outlook, By Industrial (2022-2030) ($MN)
- Table 62 Europe Embedded Security Market Outlook, By Telecommunications (2022-2030) ($MN)
- Table 63 Europe Embedded Security Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 64 Asia Pacific Embedded Security Market Outlook, By Country (2022-2030) ($MN)
- Table 65 Asia Pacific Embedded Security Market Outlook, By Offering (2022-2030) ($MN)
- Table 66 Asia Pacific Embedded Security Market Outlook, By Hardware (2022-2030) ($MN)
- Table 67 Asia Pacific Embedded Security Market Outlook, By Embedded SIM (2022-2030) ($MN)
- Table 68 Asia Pacific Embedded Security Market Outlook, By Hardware Security Modules (2022-2030) ($MN)
- Table 69 Asia Pacific Embedded Security Market Outlook, By Hardware Token (2022-2030) ($MN)
- Table 70 Asia Pacific Embedded Security Market Outlook, By Secure Element (2022-2030) ($MN)
- Table 71 Asia Pacific Embedded Security Market Outlook, By Trusted Platform Modules (2022-2030) ($MN)
- Table 72 Asia Pacific Embedded Security Market Outlook, By Services (2022-2030) ($MN)
- Table 73 Asia Pacific Embedded Security Market Outlook, By Software (2022-2030) ($MN)
- Table 74 Asia Pacific Embedded Security Market Outlook, By Security Type (2022-2030) ($MN)
- Table 75 Asia Pacific Embedded Security Market Outlook, By Authentication and Access Management (2022-2030) ($MN)
- Table 76 Asia Pacific Embedded Security Market Outlook, By Content Protection (2022-2030) ($MN)
- Table 77 Asia Pacific Embedded Security Market Outlook, By End User (2022-2030) ($MN)
- Table 78 Asia Pacific Embedded Security Market Outlook, By Aerospace & Defence (2022-2030) ($MN)
- Table 79 Asia Pacific Embedded Security Market Outlook, By Automotive (2022-2030) ($MN)
- Table 80 Asia Pacific Embedded Security Market Outlook, By Consumer Electronics (2022-2030) ($MN)
- Table 81 Asia Pacific Embedded Security Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 82 Asia Pacific Embedded Security Market Outlook, By Industrial (2022-2030) ($MN)
- Table 83 Asia Pacific Embedded Security Market Outlook, By Telecommunications (2022-2030) ($MN)
- Table 84 Asia Pacific Embedded Security Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 85 South America Embedded Security Market Outlook, By Country (2022-2030) ($MN)
- Table 86 South America Embedded Security Market Outlook, By Offering (2022-2030) ($MN)
- Table 87 South America Embedded Security Market Outlook, By Hardware (2022-2030) ($MN)
- Table 88 South America Embedded Security Market Outlook, By Embedded SIM (2022-2030) ($MN)
- Table 89 South America Embedded Security Market Outlook, By Hardware Security Modules (2022-2030) ($MN)
- Table 90 South America Embedded Security Market Outlook, By Hardware Token (2022-2030) ($MN)
- Table 91 South America Embedded Security Market Outlook, By Secure Element (2022-2030) ($MN)
- Table 92 South America Embedded Security Market Outlook, By Trusted Platform Modules (2022-2030) ($MN)
- Table 93 South America Embedded Security Market Outlook, By Services (2022-2030) ($MN)
- Table 94 South America Embedded Security Market Outlook, By Software (2022-2030) ($MN)
- Table 95 South America Embedded Security Market Outlook, By Security Type (2022-2030) ($MN)
- Table 96 South America Embedded Security Market Outlook, By Authentication and Access Management (2022-2030) ($MN)
- Table 97 South America Embedded Security Market Outlook, By Content Protection (2022-2030) ($MN)
- Table 98 South America Embedded Security Market Outlook, By End User (2022-2030) ($MN)
- Table 99 South America Embedded Security Market Outlook, By Aerospace & Defence (2022-2030) ($MN)
- Table 100 South America Embedded Security Market Outlook, By Automotive (2022-2030) ($MN)
- Table 101 South America Embedded Security Market Outlook, By Consumer Electronics (2022-2030) ($MN)
- Table 102 South America Embedded Security Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 103 South America Embedded Security Market Outlook, By Industrial (2022-2030) ($MN)
- Table 104 South America Embedded Security Market Outlook, By Telecommunications (2022-2030) ($MN)
- Table 105 South America Embedded Security Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 106 Middle East & Africa Embedded Security Market Outlook, By Country (2022-2030) ($MN)
- Table 107 Middle East & Africa Embedded Security Market Outlook, By Offering (2022-2030) ($MN)
- Table 108 Middle East & Africa Embedded Security Market Outlook, By Hardware (2022-2030) ($MN)
- Table 109 Middle East & Africa Embedded Security Market Outlook, By Embedded SIM (2022-2030) ($MN)
- Table 110 Middle East & Africa Embedded Security Market Outlook, By Hardware Security Modules (2022-2030) ($MN)
- Table 111 Middle East & Africa Embedded Security Market Outlook, By Hardware Token (2022-2030) ($MN)
- Table 112 Middle East & Africa Embedded Security Market Outlook, By Secure Element (2022-2030) ($MN)
- Table 113 Middle East & Africa Embedded Security Market Outlook, By Trusted Platform Modules (2022-2030) ($MN)
- Table 114 Middle East & Africa Embedded Security Market Outlook, By Services (2022-2030) ($MN)
- Table 115 Middle East & Africa Embedded Security Market Outlook, By Software (2022-2030) ($MN)
- Table 116 Middle East & Africa Embedded Security Market Outlook, By Security Type (2022-2030) ($MN)
- Table 117 Middle East & Africa Embedded Security Market Outlook, By Authentication and Access Management (2022-2030) ($MN)
- Table 118 Middle East & Africa Embedded Security Market Outlook, By Content Protection (2022-2030) ($MN)
- Table 119 Middle East & Africa Embedded Security Market Outlook, By End User (2022-2030) ($MN)
- Table 120 Middle East & Africa Embedded Security Market Outlook, By Aerospace & Defence (2022-2030) ($MN)
- Table 121 Middle East & Africa Embedded Security Market Outlook, By Automotive (2022-2030) ($MN)
- Table 122 Middle East & Africa Embedded Security Market Outlook, By Consumer Electronics (2022-2030) ($MN)
- Table 123 Middle East & Africa Embedded Security Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 124 Middle East & Africa Embedded Security Market Outlook, By Industrial (2022-2030) ($MN)
- Table 125 Middle East & Africa Embedded Security Market Outlook, By Telecommunications (2022-2030) ($MN)
- Table 126 Middle East & Africa Embedded Security Market Outlook, By Other End Users (2022-2030) ($MN)
